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May 19, 2022
We're happy to announce our series Series B funding today! This funding will allow us to expand our efforts in creating robust, qualified candidate pipelines for talent acquisition teams and provide outreach and diversity analytics, CRM functionality, and global sourcing support. Below, our CEO and co-founder, Andres Blank, reflects on Fetcher's beginnings, our growth, and where we are headed.
Hiring high-quality, diverse candidates has always been a pain point for me. At my prior startup, I personally experienced this issue. After bringing on a recruiting team to help scale hiring efforts, I saw that their time was also too valuable to be spent on the manual, repetitive tasks that come with sourcing candidates. Rather than relying on expensive staffing fees, I thought there must be a better way to keep sourcing in-house without wasting too much time and energy on the talent acquisition teams and hiring managers. This was our motivation to launch Fetcher back in 2014.
Since then, the state of recruiting has changed even more. Remote hiring has made candidate competition global, and the pandemic has forced companies to grow their hiring efforts with smaller recruiting teams. Diversity hiring is also more front and center, as it should be.
These factors have led to talent acquisition teams needing automation to build diverse talent pipelines and hire faster, ultimately leading to our revenue tripling in the last year and continuing to grow as we update the product and expand internationally.
Since our previous round of funding in March 2021, Fetcher has added 10+ new ATS integrations to the platform, allowing users to share data between platforms seamlessly.
In talking to customers and seeing the shift in the market over the past few years, we worked quickly to implement CRM functionality last summer. A great candidate experience is essential for any company, and part of that experience comes from building long-term relationships with candidates over time. Our candidate directory allows companies to remarket to qualified candidates, set up reminders for future connections, and add additional outreach emails to the automated sequences.
Overall, the goal is to make it simple for companies to store, update, and connect with great candidates over time, messaging them about future job opportunities, milestones at the company, and more.
Fetcher now works with over 350 companies, including Behr Paint, Albertson’s, Foursquare, Socotra, and SQLI Digital. Product improvements, along with our world-class service, have allowed us to improve the recruiting process for companies of all sizes, in all industries, and with recruiting teams big and small.
And today, I'm so excited to officially announce our Series B funding round. The $27 million round was led by Tola Capital with the participation from our existing investors G20 Ventures, KFund, and Accomplice. This brings the total capital raised to $40 million, allowing us to continue helping recruiting teams hire diverse, top talent in less time and for less cost.
We're focused on our mission to connect companies with the people who will help them change the world. This round unlocks our ability to expand our company and advance our technology. Our to-do list includes:
We are investing in growing our team to better serve our clients, and are looking for engineers, product specialists, marketers, data experts, and more to join us. We're excited to continue to grow internationally and build out the most effective sourcing platform for busy talent acquisition teams.
The team will expand across the globe, helping to provide sourcing support to talent teams worldwide. This includes expanding our presence in the UK and Benelux markets, under the leadership of our new VP of Sales-EMEA, Todd Jenkins.
My co-founders Chris, Javi, and Santi are thrilled about the opportunity to level up our platform to ensure recruiters and hiring managers have a steady stream of qualified, interested candidates. We also plan to build out additional ATS integrations, CRM functionalities, and more. The goal of these new features and functions is to make Fetcher the easiest and most effective recruiting automation platform.
Thank you to our customers for their questions, feedback, and support. You're our "why" -- the reason we're striving to make Fetcher better and better.
Thank you to our investors and advisors for believing in our mission and our team.
And of course, I have give a big shout out to our Fetcher pack for working tirelessly to make this growth a reality. I'm excited to share this milestone with all of you, and we are looking forward to much more to come.
Happy Fetching! Andres
Our mission is to help you engage talent that will transform your business aspirations into reality. Great talent is hard to find - that's why we offer a talent sourcing platform that not only gets your brand in front of the right candidates but also gives you a competitive edge in talent acquisition.
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